natural gas

natural gas has a couple formations that look to be playing out ....... I will be looking for prices to reach 209-211 and then bounce towards 2.20 -2.25 where it is possible to see another push down towards 2.00 even. I will be buying this market from 209-211 and looking for the bounce.

sugar to end the wave 4 ?

sugar has had a nice run but I believe the party is about over as several different resistant levels have shown up and they all coincide around the 1460-1470 area is this is correct a push back to the mid 8's is very possible as the 3rd wave was too short and a extended 5th wave is coming soon.
 p.s I will be a full on bear here as the risk is tiny compared to the reward risking no more than a couple hundred dollars on the trade.
CK

Natural gas update

Natural gas has pushed back towards 2.40 and A reversal may be coming back to at least the 2.70 area… 

Sugar update… extended 3rd wave of C expanded flat

Sugar is most definitely in a w3 extention in what I believe to be an expanded flat for a 4th wave. What I would like to see is a gap up open on the daily chart with some kind of bearish candle as we need a 4th wave lower and then a failed attempt at the highs again in a truncated 5th wave to complete the 5th n final wave. I will be looking to sell any rally attempt to 14.60-70 as its my belief a push back to 8 cents is in the cards. 

Natural gas… update target met

Natural gas has come within 1 cent from hitting the target of 240 this morning and I have covered all short positions and now pursuing the long side. As I'm expecting some kind of bullish candle to set up within the next couple days or and a bottom to be put in somewhere in this area of 240.  Let's see where we go.  

Sugar update… an expanded flat has shown up…

We are currently in a w3 up of a c wave in what appears to be an expanded flat for wave 4. This should come to an end between 1340-1480. A full wave 3 would be 1340 so some kind of bearish reversal candle should raise its head soon. Then the 4th toward 1240-1250 and final leg up that could very well fall short of the high that I am anticipating in the next few days. Price obj after completion will be 836 in 5 waves to finish the 5th wave down… 

Sugar update…

Sugar has gone back to retest the highs at 11.70 and on the 60 min chart appears to be some sort of double zig zig zag that has concluded or will make a move towards 1184-1200 and complete this abc up. Either way I am still looking for a push lower to Around 9 cents to finish this abcde 5th wave.